6 hours ago
Lake Elmo MN Real Estate & Homes For Sale
97 results
- Open: Sat 11:30am-2pm (11/7)
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- 8281 Deer Pond Trl N, Lake Elmo, MN 55042
- 4 bds
- 3 ba
- 3,236 sqft
KELLER WILLIAMS PREMIER REALTYOpen: Sat 11:30am-1:15pm (11/7)
- Original hardwood floors
- 21 days on Zillow
- Open: Sat 11am-12:30pm (11/7)
- 5431 Hilltop Ave N, Lake Elmo, MN 55042
- 3 bds
- 3 ba
- 3,468 sqft
KELLER WILLIAMS SELECT REALTYPrice cut: $60,000 (10/22)
- 8989 Lake Jane Trl N, Lake Elmo, MN 55042
- 4 bds
- 2 ba
- 2,012 sqft
KELLER WILLIAMS PREMIER REALTYPrice cut: $24,000 (10/19)
- 5736 57th Street Cv N, Lake Elmo, MN 55042
- 5 bds
- 5 ba
- 5,231 sqft
LAKES SOTHEBY'S INTERNATIONAL REALTYPrice cut: $100,000 (10/20)
3D Tour 
- Open: Sat 12-2pm (11/7)
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- 22 days on Zillow
- Office hours available
- 9557 James Cir N, Lake Elmo, MN 55042
- 3 bds
- 3 ba
- 3,069 sqft
KELLER WILLIAMS PREMIER REALTYOpen: Sun 12:30-1:30pm (11/8)
- 2415 Lisbon Ave N, Lake Elmo, MN 55042
- 5 bds
- 4 ba
- 3,422 sqft
KELLER WILLIAMS PREMIER REALTYPrice cut: $20,000 (10/12)
- Storage shed
- 1825 Annika Dr N, Lake Elmo, MN 55042
- 3 bds
- 3 ba
- 3,188 sqft
KELLER WILLIAMS CLASSIC REALTY25 days on Zillow
- Price cut: $10,000 (10/14)
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- Price cut: $25,000 (10/12)
- Striking stone fireplace
- Bar top island
- Elevated finishes
- Open: Sun 11:30am-12:30pm (11/8)
- Gas fireplace
- 3634 Knightsbridge Trl N, Lake Elmo, MN 55042
- 4 bds
- 5 ba
- 4,822 sqft
HANSON BUILDERS INC, EDINA REALTY, INC.Price cut: $20,000 (11/6)
- 11339 Wildflower Dr N, Lake Elmo, MN 55042
- 3 bds
- 3 ba
- 2,944 sqft
KELLER WILLIAMS PREMIER REALTYSpacious primary suite
- Price cut: $15,000 (10/11)
- Price cut: $30,000 (10/9)
- Open: Sun 11:30am-1:30pm (11/8)
- 3488 Knightsbridge Trl N, Lake Elmo, MN 55042
- 4 bds
- 3 ba
- 2,302 sqft
ROBERT THOMAS HOMES INC, ROBERT THOMAS HOMES, INC.Electric fireplace
Showcase 
- Cozy fireplace
- Striking gas fireplace
- 11756 Upper 31st St N, Lake Elmo, MN 55042
- 5 bds
- 3 ba
- 3,004 sqft
LEADER REAL ESTATE GROUP, INC.Walk-in pantry
- Price cut: $15,000 (11/2)
- 101 days on Zillow
- Price cut: $10,000 (11/3)
- 3644 Knightsbridge Ln, Lake Elmo, MN 55042
- 7 bds
- 4 ba
- 4,322 sqft
Creative Homes, NEW HOME STARStunning model home
- 1353 Palmer Dr N, Lake Elmo, MN 55042
- 5 bds
- 4 ba
- 4,652 sqft
COLDWELL BANKER REALTY - SOUTHWEST REGIONALPrice cut: $25,000 (10/14)
- Price cut: $26,000 (10/22)
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Based on information submitted to the MLS GRID as of 2026-11-06 19:48:10 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#28) By searching NorthstarMLS listings you agree to the [NorthstarMLS End User License Agreement](https://www.mlsgrid.com/s/RMLS-EULA.pdf)
Buying a Home in Lake Elmo MN: Frequently Asked Questions
How much do homes cost in Lake Elmo MN?
The Zillow Home Value Index for Lake Elmo, MN stands at $643,791 as of September 2026, and it reflects the value of all homes in the area rather than only those currently for sale. Active listings are priced a bit higher, with a median list price of $674,900, which sits above the index figure.
Are home values going up or down in Lake Elmo MN?
Home values in Lake Elmo, MN have increased 3.4% over the past year as of September 2026. That movement brings the Zillow Home Value Index to $643,791.
Is Lake Elmo MN a buyer's or seller's market?
Zillow Market Temperature labels Lake Elmo, MN a strong buyer's market, which generally means buyers have more time to decide and more room to negotiate. Listings take a median of 34 days to go under contract, and 23.0% of current listings have had a price cut.
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